Guideline Value for Bharathi Street (Devi Nagar)

Bharathi Street (Devi Nagar) guideline value

The current guideline value of Bharathi Street (Devi Nagar) is Rs 2,400 per sq.ft as per the 2024 revision, effective from 1 July 2024. This street is located in Thirumullaivoyal village under the Ambattur SRO, and it falls under the Residential Class I Type - I land classification.

How the guideline value of Bharathi Street (Devi Nagar) has changed

The guideline value for Bharathi Street (Devi Nagar) has undergone several revisions over the years. The most recent revision in 2024 set the value at Rs 2,400 per sq.ft, which is an increase of 9% from Rs 2,200 per sq.ft in the 2023 revision. The 2023 revision did not change from the 2012 figure, which was also Rs 2,200 per sq.ft. Notably, there are no figures available for the revisions in 2002, 2003, 2007, and 2017.

Overall, from the 2012 revision to the 2024 revision, the guideline value increased by 9%. This steady rise reflects the current valuation trends in the area, culminating in the 2024 figure that aligns with the median value of Rs 2,400 per sq.ft for Thirumullaivoyal.

Guideline values in Thirumullaivoyal

Thirumullaivoyal has a total of 975 streets under the Ambattur SRO, with guideline values ranging from Rs 880 to Rs 5,500 per sq.ft. The median value for these streets is Rs 2,400 per sq.ft, which is the same as the current guideline value for Bharathi Street (Devi Nagar).

• Bharathi Street (J.B.Nagar): Rs 2,400 per sq.ft (2024)
• Bharathi Street (Senthil Nagar): Rs 2,700 per sq.ft (2024)
• Bharathi Puram: Rs 2,400 per sq.ft (2024)
• Bharathi Nagar Extension: Rs 2,400 per sq.ft (2024)
• Bharathiyar Street (Senthil Nagar): Rs 2,700 per sq.ft (2024)
• Bharathiyar Street (sri Nagar colony): Rs 2,700 per sq.ft (2024)

Stamp duty and registration fee for property in Bharathi Street (Devi Nagar)

For a 1,000 sq.ft plot at the current guideline value of Rs 2,400 per sq.ft, the total guideline value amounts to Rs 24,00,000. The stamp duty at 7% would be Rs 1,68,000, while the registration fee at 2% would be Rs 48,000, bringing the total charges to Rs 2,16,000. It's important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Bharathi Street (Devi Nagar)?

The Sub Registrar Office that covers Bharathi Street (Devi Nagar) is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Thirumullaivoyal

The guideline value is a crucial figure used during property registration in Thirumullaivoyal. It serves as a benchmark for determining the stamp duty and registration fees applicable to a property transaction.

When buying or selling property, the guideline value ensures that the transaction is recorded accurately, reflecting the current market conditions as defined by the Registration Department. This helps maintain transparency and standardization in property dealings.

Frequently asked questions

What is the current guideline value of Bharathi Street (Devi Nagar)?

The current guideline value of Bharathi Street (Devi Nagar) is Rs 2,400 per sq.ft as per the 2024 revision, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,200 per sq.ft in 2023 to Rs 2,400 per sq.ft in 2024, marking a 9% increase. The value remained unchanged from 2012 to 2023 at Rs 2,200 per sq.ft.

What is the land classification for Bharathi Street (Devi Nagar)?

Bharathi Street (Devi Nagar) is classified under Residential Class I Type - I. This classification indicates the type of development permissible in the area.

Where can I find the registration office for Bharathi Street (Devi Nagar)?

The registration office for Bharathi Street (Devi Nagar) is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.

How is stamp duty calculated on properties in Thirumullaivoyal?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, a property with a guideline value of Rs 24,00,000 would incur a stamp duty of Rs 1,68,000 at a rate of 7%.